Palm Up on Handspring Speculation

Author:
Publish date:

Palm

(PALM)

was gaining in the premarket on a report that explores the chances it might combine with rival

Handspring

(HAND)

.

The

Wall Street Journal

said speculation has grown the two makers of hand-held computers are moving closer following the resignation of Palm's chief executive, Carl Yankowski. The article noted that no talks have occurred.

Palm was gaining 39 cents, or 11%, to $3.82 on Instinet. Both it and Handspring have seen their shares lose about 90% of their value this year.